28 Jun 2018
Markets for You
Global Indices
Global Indices 27-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,118 24,283 -166 -0.68
Nasdaq 7,445 7,562 -117 -1.54
FTSE 7,622 7,538 84 1.11
Nikkei 22,272 22,342 -70 -0.31
Hang Seng 28,356 28,881 -525 -1.82
Indian Indices 27-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,217 35,490 -273 -0.77
Nifty 50 10,671 10,769 -98 -0.91
Nifty 100 10,947 11,054 -107 -0.97
Nifty Bank 26,423 26,602 -178 -0.67
SGX Nifty 10,701 10,760 -60 -0.55
S&P BSE Power 1,925 1,969 -44 -2.25
S&P BSE Small Cap 15,970 16,296 -326 -2.00
S&P BSE HC 14,081 14,129 -48 -0.34
Date P/E Div. Yield P/E Div. Yield
27-Jun 22.39 1.27 25.73 1.24
Month Ago 22.81 1.16 26.24 1.21
Year Ago 22.70 1.26 24.21 1.12
Nifty 50 Top 3 Gainers
Company 27-Jun Prev_Day
% Change
#
Tech Mahindra 714 688 3.84
Bharti Infratel 300 293 2.25
Aurobindo Pharma 616 608 1.44
Nifty 50 Top 3 Losers Domestic News
Company 27-Jun Prev_Day
% Change
#
BPCL 383 415 -7.81
HPCL 277 299 -7.52
Indian Oil 156 167 -6.68
Advance Decline Ratio
BSE NSE
Advances 464 271
Declines 2218 1570
Unchanged 113 51
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5426
MF Flows** 65170
*27
th
Jun 2018; **21
st
Jun 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.87%
(May-18)
2.18%
(May-17)
IIP
4.90%
(Apr-18)
3.20%
(Apr-17)
GDP
7.70%
(Mar-18)
6.10%
(Mar-17)
28 June 2018
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
7.40%
(Jan-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
616
-414
4.44%
(Feb-18)
• According to the Financial Stability Report of the Reserve Bank of India,
worsening of asset quality will lead to decline in capital adequacy, or
capital to risk-weighted assets ratio of NBFC’s by 250 basis points to
20.4%.
• The Employees’ Provident Fund Organisation (EPFO) has decided to
allow its members an option to withdraw 75% of their funds after one
month of unemployment. The members would also have an option to
withdraw remaining 25% of their funds and go for final settlement of
account after completion of two months of unemployment under the
new provision.
• As per media reports, the government of India increased the prices of
ethanol produced from C-molasses by Rs. 2.85 per litre to Rs. 43.70 for
the new season starting Dec 2018. The government has also fixed the
price of ethanol produced from B-molasses at Rs. 47.49 per litre to boost
sugar mills to divert from sugar production.
• As per a study, India now stands at second position in the land of
world’s largest number of poor. Nigeria has overtaken India as the land
of world’s largest number of poor. At the end of May 2018, Nigeria had
around 87 million people in extreme poverty, compared with 73 million
in India. Poverty in Nigeria is growing by six people every minute, while
poverty in India continues to fall. The study also showed that India could
further drop to rank three.
• According to a quarterly report on Debt Management, government
debt rose 1.7% to over Rs. 76.94 lakh crore in the Mar quarter of FY18
from Rs. 75.66 lakh crore as of Dec quarter of FY17. Public debt
accounted for 88.7% of the total outstanding liabilities at end-Mar 2018,
while the share of ‘Public Account’ liabilities was 11.3%.
Markets for You
• Asian markets mostly moved down on concerns over U.S.’s proposal to
review the foreign investments by the Committee on Foreign Investment
in the U.S. and urging other nations to stop crude import from Iran.
Concerns over trade dispute between U.S. and China further weighed on
the sentiment. Today (as of June 28), Asian markets opened on a lower
note following soft cues from Wall Street’s last session. Fall in Airline
stocks added to the losses. Nikkei and Hanseng fell 0.44% and 0.01%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher after U.S.
President’s plan to crack down on Chinese investments in the U.S. came
in less harsh than expected. Gains in energy stocks further boosted the
indices.
• As per the last close, U.S markets closed almost lower following decline
in technology, financial, steel, gold and computer hardware stocks.
However, losses were restricted after U.S. President’s plan to crack down
on Chinese investments in the U.S. came in less harsh than expected.
• Indian equity indices closed in the red amid growing trade rows
between U.S. and other major global economies on the global front and
steep decline in Oil & Gas and Banking stocks on the domestic front.
Stocks of oil marketing companies plunged after oil prices surged to one-
month high due to the risk of supply disruptions. Banking stocks
witnessed decline following concerns of stress in the banking sector after
the Reserve Bank of India reportedly stated that gross non-performing
assets (NPA) ratio of banks is likely to surge from 11.6% in Mar 2018 to
12.2% by Mar 2019.
• Meanwhile, investors remained cautious ahead of the expiry of
derivatives contracts on Jun 28, 2018.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.77% and
0.91% to close at 35,217.11 and 10,671.40, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.50% and 2.00%.
• The overall market breadth on BSE was weak with 2,218 scrips
declining and 464 scrips advancing. A total of 113 scrips remained
unchanged.
FII Derivative Trade Statistics 27-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 6534.03 6652.47 26417.43
Index Options 86644.96 86452.56 75416.15
Stock Futures 29391.45 29090.22 82670.03
Stock Options 6392.52 6567.54 10172.72
Total 128962.96 128762.79 194676.33
27-Jun Prev_Day
Change
Put Call Ratio (OI) 1.33 1.53 -0.20
Indian Debt Market
Put Call Ratio(Vol) 0.83 0.94 -0.11
27-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.14% 6.24% 5.93% 6.07%
CBLO 6.09% 6.28% 5.08% 6.19%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.51% 6.44% 6.20% 6.25%
364 Day T-Bill 7.10% 7.07% 6.25% 6.34%
10 Year Gilt 7.87% 7.83% 7.79% 6.46%
G-Sec Vol. (Rs.Cr) 23103 27777 30646 31722
Currency Market Update
FBIL MIBOR 6.28% 6.30% 6.02% 6.25%
3 Month CP Rate 7.55% 7.55% 8.35% 6.70%
5 Year Corp Bond 8.76% 8.71% 8.65% 7.48%
1 Month CD Rate 6.92% 6.86% 6.79% 6.34%
3 Month CD Rate 6.99% 6.89% 7.83% 6.34%
1 Year CD Rate 8.12% 8.10% 8.22% 6.69%
Commodity Market Update
Currency 27-Jun Prev_Day
Change
USD/INR 68.52 68.17 0.36
GBP/INR 90.60 90.47 0.13
EURO/INR 79.87 79.74 0.12
International News
JPY/INR 0.62 0.62 0.00
Commodity 27-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 76.16 65.92 67.87 44.20
Brent Crude($/bl) 75.58 73.59 77.14 46.16
Gold( $/oz) 1252 1268 1301 1247
Gold(Rs./10 gm) 30536 30589 31171 28738
Source: Thomson Reuters Eikon
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28 June 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields rose for the fourth consecutive day following rally in the
global crude oil prices and weakening domestic currency that raised
worries about faster pace of consumer inflation growth rate going
forward.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 4 bps to
close at 7.87% as against its previous close of 7.83%. During the session,
bond yields traded in the range of 7.85% and 7.88%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,841 crore (gross) on Jun 27, compared with
Rs. 4,841 crore (gross) borrowed on Jun 26. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 33,226
crore on Jun 26.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Jun 26 compared with Rs. 10 crore borrowed on Jun 25.
• S&P Global Ratings has affirmed its 'AA+' sovereign credit ratings and
'stable' outlook on the U.S. According to the rating agency, the rating
reflects flexibility and diversity of the economy, institutional strength,
extensive flexibility of economic policy.
• According to a report from the National Bureau of Statistics, China’s
industrial profits surged 21.1% YoY in May 2018 as against an increase of
21.9% in Apr 2018. Industrial profits grew 16.5% on an annual basis in
first five months of 2018 as against an increase of 15% in the first four
months.
Markets for You
• Nifty Jun 2018 Futures were at 10,673.45 points, a premium of 2.05
points, above the spot closing of 10,671.40. The turnover on NSE’s
Futures and Options segment went up to Rs. 12,64,849.26 crore on Jun
27 from Rs. 9,31,576.17 crore on Jun 26.
• The Put-Call ratio stood at 0.85 against previous session’s close of 0.87.
• The Nifty Put-Call ratio stood at 1.33 against the previous session’s
close of 1.53.
• India VIX moved up 6.48% to 13.6275 from 12.7975 in the previous
trading session.
• Open interest on Nifty Futures stood at 28.69 million as against the
previous session’s close at 27.81 million.
• The rupee fell against the greenback following losses in the domestic
equity market. Persistent concerns over a trade war between U.S. and
China weighed on market sentiment. However, greenback sales by
several state-run banks and private banks restricted further losses.
• The euro fell against the greenback as escalating concerns of a trade
conflict between U.S. and China dampened investor risk sentiment.
• Gold prices fell as dollar strengthened against the euro and on
expectations over a faster rate hike by the U.S. Federal Reserve (Fed).
• Brent crude prices surged on reports that U.S. has urged other nations
to stop crude imports from Iran effectively from Nov 2018.
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